Rebound Insight
Our Pivot: 78.05
Our Preference: Start buying Brent above 78.88 with strict stop loss of 78.05 and profit target at 79.95 with extension towards 80.50.
Alternate Scenario: Downward penetration of 78.10 will call for 77.50.
NOTE: Brent is being supported by a horizontal supportive region along with an ascending trend line.
Chart with supports & resistances:
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